Comstock Resources, Inc. (NYSE:CRK) – Equities research analysts at KeyCorp decreased their Q3 2017 EPS estimates for Comstock Resources in a research note issued on Wednesday. KeyCorp analyst C. Stevens now anticipates that the oil and gas producer will earn ($1.52) per share for the quarter, down from their prior forecast of ($1.48). KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Comstock Resources’ FY2017 earnings at ($5.71) EPS, Q1 2018 earnings at ($1.27) EPS, Q2 2018 earnings at ($1.60) EPS, Q3 2018 earnings at ($1.57) EPS, Q4 2018 earnings at ($1.48) EPS and FY2018 earnings at ($5.92) EPS.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) EPS for the quarter, beating the consensus estimate of ($1.67) by $0.60. The business had revenue of $61.47 million during the quarter, compared to analysts’ expectations of $63.93 million. During the same quarter last year, the firm earned $0.41 EPS.

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Several other research analysts have also weighed in on CRK. Zacks Investment Research lowered Comstock Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Capital One Financial Corporation reaffirmed an “underweight” rating on shares of Comstock Resources in a research report on Monday, August 7th. Barclays PLC dropped their target price on Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. ValuEngine lowered Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus set a $12.00 target price on Comstock Resources and gave the stock a “buy” rating in a research report on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Comstock Resources presently has a consensus rating of “Hold” and an average price target of $12.40.

Comstock Resources (CRK) opened at 4.64 on Monday. The stock has a 50 day moving average price of $5.84 and a 200 day moving average price of $7.09. Comstock Resources has a 1-year low of $4.23 and a 1-year high of $13.42. The firm’s market capitalization is $71.82 million.

A number of large investors have recently made changes to their positions in the stock. Hodges Capital Management Inc. boosted its stake in Comstock Resources by 5.9% during the 2nd quarter. Hodges Capital Management Inc. now owns 1,583,867 shares of the oil and gas producer’s stock valued at $11,198,000 after purchasing an additional 87,805 shares during the period. Vanguard Group Inc. boosted its stake in Comstock Resources by 40.4% during the 2nd quarter. Vanguard Group Inc. now owns 628,355 shares of the oil and gas producer’s stock valued at $4,443,000 after purchasing an additional 180,935 shares during the period. Goldman Sachs Group Inc. bought a new stake in Comstock Resources during the 1st quarter valued at approximately $1,536,000. Parkwood LLC boosted its stake in Comstock Resources by 59.9% during the 2nd quarter. Parkwood LLC now owns 126,347 shares of the oil and gas producer’s stock valued at $893,000 after purchasing an additional 47,326 shares during the period. Finally, First Washington CORP bought a new stake in Comstock Resources during the 2nd quarter valued at approximately $795,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Comstock Resources Company Profile

Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.

Earnings History and Estimates for Comstock Resources (NYSE:CRK)

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